To me, this is a recipe for taking money off the table. This market has no idea what it wants to do and who it is taking its cue from. It's just flopping and chopping all over the place.

Until things look a little clearer, I think it's important to raise a little cash. This is a tough week to be big long, too many landmines, including a thin Jewish New Year's Day ahead of a worrisome labor report -- do we want strong or weak? Who knows?

I'm calling it dicey, and, for the moment, too dicey.

At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long HON and VALE.